by Calculated Risk on 5/03/2022 03:23:00 PM
Fannie reported results for Q1 2022. Here is some information on single-family Real Estate Owned (REOs).
In April 2022, FHFA announced a suspension of foreclosure activities for up to 60 days for borrowers who apply for assistance under Treasury’s Homeowner Assistance Fund.” emphasis added
For Fannie, this is down 96% from the 166,787 peak number of REOs in Q3 2010.
Here is a graph of Fannie Real Estate Owned (REO).
REO inventory increased in Q1 2022, and inventory is up 7% year-over-year.
This is well below a normal level of REOs for Fannie, and REO levels will increase in 2022 now that the moratorium is over, but there will not be a huge wave of foreclosures.